What is a
Montana Medical Savings Account?
The Montana MSA is a tax-advantaged account designed to help Montana residents save for medical expenses. Contributions made to your MSA are tax-deductible, and the funds can be used to pay for qualified medical expenses for you, your spouse, and your dependents. This includes expenses such as doctor visits, prescription medications, and even some health insurance premiums.
Benefits of a Montana MSA
- Tax Savings: Contributions to your MSA reduce your Montana taxable income, providing you with immediate tax savings.
- Flexibility: Use your MSA funds for a wide range of medical expenses, from routine check-ups to unexpected emergencies.
- Rollover: Any unused funds in your MSA at the end of the year roll over to the next year, allowing you to build your savings over time.
- Easy Access: Withdraw funds from your MSA at any time to cover eligible medical expenses, providing you with financial flexibility and peace of mind.
Who Can Benefit from a Montana MSA?
Whether you're self-employed, retired, or simply looking to better manage your healthcare costs, a Montana MSA can be a valuable addition to your financial plan. It's especially beneficial for those with high-deductible health plans or significant medical expenses.
Start Saving with MECU
Opening a Montana MSA with MECU is easy. Our team is here to help you understand the benefits and get started with a plan that fits your needs. Don't wait—secure your financial and healthcare future today.
Contact us to learn more about how a Montana Medical Savings Account can work for you, or visit our branch to open your account.